Dealer Tire gets significant investment from Bain Capital

Dealer Tire LLC has received a significant investment from Bain Capital Private Equity meant to accelerate its growth and expansion. Financial terms of the private investment were not disclosed. Dealer Tire will continue to operate under the leadership of its current management team, led by CEO Scott Mueller and President Dean Mueller. Proceeds will be used to purchase the interests of Lindsay Goldberg LLC, the company’s current investment partner since December 2014. “We’re very appreciative of our partnership with Lindsay Goldberg,” Scott Mueller said in a statement. “Their support has enabled us to expand our business and invest in opportunities that position us for continued growth. We’re excited about our new partnership with Bain Capital because their reputation, track record and investment philosophy align well with Dealer Tire’s goals and values. As we move into our second century in the tire business, we believe our new partnership with Bain Capital will benefit all stakeholders and keep Dealer Tire well positioned to remain an innovative industry leader.” The transaction, which is expected to close in December 2018, is subject to customary closing conditions, including requisite regulatory approvals. Assisting Dealer Tire on the deal are: